There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Jason Cheng has joined from Quam Asset Management, and will handle tech, retail and shipping. Michael Wang has joined from Bank of China International and will tackle oil, coal, plus food and beverage. Both men are equipped with degrees in economics from Hong Kong University.
The pair will report to CIO Michael Liang and will work alongside FoundationÆs existing analyst Zhao Qian.
Foundation Asset Management was established in 2006. It launched its first fund, Foundation China Opportunity Fund, in 2007 with seed capital from UOB Kay Hian and UK investors CIM Investment Management. This fund now has assets under management of $13 million. The firm is in advanced negotiation with a pair of new investors and hopes to increase assets under management significantly this year.
ôProfessional investors can live with market volatility but they want to feel secure that any potentially harmful macro scenarios in China are out of the way,ö says Liang. ôWeÆre on the point of closing a couple of investments and hope that assets will grow to around $30 million by the end of this year.ö
The China-focused, value-driven fund is down approximately 12% so far in 2008, which is a marginal improvement on its peer group. In 2007 it returned 36%.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
Alternatives news roundup: Asia Pacific's alternatives market to hit $6tr by 2025; Indonesia's SWF to buy troubled toll roads
Asia Pacific alternatives market to grow to $6tr by 2025; Australian private capital assets rose to A$77 billion in mid-2020; Chinese authorities limit cash management products holding riskier securities; Indonesia's sovereign wealth fund to acquire several toll roads; Korean institutional investors support scheme to buy US asset-backed securities; and more.